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Superfunds October 2015
are typically paid. This should be taken into
account when putting into perspective average
remuneration amounts paid by funds participating
in the survey.
McGuirk conducts modelling on director
remuneration to guide superannuation funds that
are considering paying their directors for the first
time. This modelling indicates:
• $250 million to $500 million in fund
assets: remuneration of chairpersons:
an average of $35,043 a year; deputy
chairpersons: $16,195; and trustee directors:
$25,000
• $2 billion to $4 billion in fund assets:
remuneration of chairpersons: $87,600
on average a year; deputy chairpersons:
$60,417; and trustee directors: $40,656
• $6 billion to $12 billion in funds assets:
remuneration of chairpersons: $100,370
on average a year; deputy chairpersons:
$62,822; and trustee directors: $51,304
• $24 billion or more in funds’ assets:
remuneration of chairpersons: $126,070;
deputy chairpersons: $91,824; and trustee
directors: $46,656.
2014 vs. 2015 superannuation funds
A comparison of the statistics with last year’s survey results reveals the following percentage
differences in remuneration levels for trustee directors between years.
Chairman remuneration
Director remuneration
2014
$77,673
$36,919
2015
$84,179
$39,194
Difference
+8.4%
+6.2%
Source: McGuirk Management Consultants.
Asset range of
surveyed funds:
$180 million
to
$81 billion
Surveyed
funds paying
extra fees
for committee work:
51%
Average rise for
chairperson and trustee
directors
combined: 7.3%